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Nov 14, 2012
11/12
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that's 7% in a zero interest rate environment. we all knew it was going to be a slow economy. we all knew the market was going to grow slow. the bottom line is even with the decline in the last eight days, we're still up 6.5%, 7%. >> you're saying to buy into this selloff? >> i think you have to buy into it. where are you going to put your money? most of the money is going into fixed income. that's just crazy. we know future interest rates are going to go higher. that's not going to hurt corporations. it's not going to hurt profits, but what it is going to do is hurt the individual investor. they should be in equities. when you look at the dividend plays out there, it's crazy not to be. >> boy, when it comes to the markets, michael, you could not have a more different point of view, could you? >> we have about 30% cash. i took out another about 20%. we're about 50% today in cash. i don't think the fiscal cliff is going to happen. i think they're going to punt. i don't think anybody in washington, d.c. has the meatballs or spaghetti to care about cutting our debt and deficits.
that's 7% in a zero interest rate environment. we all knew it was going to be a slow economy. we all knew the market was going to grow slow. the bottom line is even with the decline in the last eight days, we're still up 6.5%, 7%. >> you're saying to buy into this selloff? >> i think you have to buy into it. where are you going to put your money? most of the money is going into fixed income. that's just crazy. we know future interest rates are going to go higher. that's not going to...
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Nov 16, 2012
11/12
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CNBC
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is the environment todayyee i f still a good place to in more or less friendly? >> there is no compare ton. when mr. putin came in, he changed the tax code which made a huge difference.ie ton. when mr. putin came in, he changed the tax code which made a huge difference. it was 13% flat tax, corporation tax 24% and suddenly you couldn't invest in companies because could you understand what was in the financials of the company. so accounting firms grew. advisory firms grew and the market became a much better place to invest. so today i don't believe there is a huge difference. you just have to understand the environment. >> so does it create opportunities? if you're looking around the world and not seeing a lot of attractive places, should russia be one of them? >> russia should be. it's growing at 4%. it's the biggest consumer market in europe. so there is enormous amount of opportunity. the problem has been and continues to be the perception western investors have about investing there. so there is this sort of idea that if you invest in russia, you'll lose your
is the environment todayyee i f still a good place to in more or less friendly? >> there is no compare ton. when mr. putin came in, he changed the tax code which made a huge difference.ie ton. when mr. putin came in, he changed the tax code which made a huge difference. it was 13% flat tax, corporation tax 24% and suddenly you couldn't invest in companies because could you understand what was in the financials of the company. so accounting firms grew. advisory firms grew and the market...
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Nov 15, 2012
11/12
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so without clarity where the euro area goes, the environment will be quite difficult. p. >> okay. thanks very much for that. now, he mentioned weakness in europe. that's extending to the u.s. we are seeing futures trying to rebond here, but again, we saw levels of decline in the range of 1.3 to 1.5 yesterday for the major bourses. this morning we're really only getting about 25 points in rebound for the dow jones industrial average. which is thousand sitting at 12,559. the nasdaq and s&p are also showing a little about the of a r rebit of a rebound, but not huge moves. investors digest the growth tigs or lack thereof. spain is trying to move to the up side adding almost 0.3%, so a little better than last time we checked in. the other three down. as we're learning about the slowing of the german economy and the ftse 100, shedding 0.4%, below the 5700 mark. now, we are seeing in the uk a little better, but broadly speaking a mixed picture. we started off seeing both spain and italy moving to the down side on the bond side. now italy doing a little bit better. 4.95%. the yield fallin
so without clarity where the euro area goes, the environment will be quite difficult. p. >> okay. thanks very much for that. now, he mentioned weakness in europe. that's extending to the u.s. we are seeing futures trying to rebond here, but again, we saw levels of decline in the range of 1.3 to 1.5 yesterday for the major bourses. this morning we're really only getting about 25 points in rebound for the dow jones industrial average. which is thousand sitting at 12,559. the nasdaq and...
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Nov 15, 2012
11/12
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we'll ask a top ranked analyst how investors in fiscal cliffs should be playing the current environment when squawk returns. >>> many sectors of the economy would be directly affected if the u.s. economy goes off the fiscal cliff. not the least of which, the financials. we were talking about the white house and the meeting that happened yesterday. only ken chenault, of all the financials, and i don't know if you put him in the traditional category, not a classic wall street guy, is that a problem? >> i think that was an omission, there were no large commercial bankers or wall street bankers in that meeting yesterday. so i thought that was quite interesting that the white house chose not to invite anyone. >> where are you on on financials right now? the stocks have come off. it's been a horrific little ride here. >> it has. the bank stocks have been one of the best performing sectors going into the third quarter. they're up over 20%. they've been one of the weakest sectors since the third quarter results. and i think what's happened is this fiscal cliff has everybody concerned especially
we'll ask a top ranked analyst how investors in fiscal cliffs should be playing the current environment when squawk returns. >>> many sectors of the economy would be directly affected if the u.s. economy goes off the fiscal cliff. not the least of which, the financials. we were talking about the white house and the meeting that happened yesterday. only ken chenault, of all the financials, and i don't know if you put him in the traditional category, not a classic wall street guy, is...
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Nov 15, 2012
11/12
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. >> holder says much of the money bp has agreed to pay will be used to restore the environment in the gulf. we'll be right back with a tense exchange that just took place with some developing news actually in a hearing on the benghazi attacks. we'll play that for us right after this quick break. d also cs by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over 70 satisfying recipes for one from stouffer's. a wit takes some doing.sn't just happen. some coordinating. and a trip to the one place with the new ideas that help us pull it all together. from the things that hang and shine... ...to the things that sparkle and jingle. all while saving the things that go in our wallet. more saving. more doing. that's the power of the home depot. create a musical light show with the maestro mouse voice- activated ornament. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you
. >> holder says much of the money bp has agreed to pay will be used to restore the environment in the gulf. we'll be right back with a tense exchange that just took place with some developing news actually in a hearing on the benghazi attacks. we'll play that for us right after this quick break. d also cs by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over 70 satisfying recipes for one from stouffer's. a wit takes some...
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Nov 15, 2012
11/12
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restructuring and says it is on track to return profits in 2013, but high fuel costs and a poor economic environment continued to weigh on profits. air berlin is not alone in going through some turbulence. this is not a great time for europe's airlines. >> many are struggling to stay in business. here's a look at the litany of problems they face. >> scandinavian airline sas is fighting for survival. the carrier has not turned a profit in five years. it is not alone. just last week, spain's flagship carrier said it would cut nearly a quarter of its work force in an effort to remain competitive. sas alone plans to cut more than 1/3 of its 15,000 employees. air france is looking to reduce staff to 45,000 workers. and germany's lufthansa is also in the midst of a painful cost- cutting program. earlier this week, the airline struck a deal with unions to raise cabin crew pay in exchange for no strikes over the christmas holidays. >> coming up, we've got some sports news for you. >> first, some other stories making news around the world. three demonstrators have vented their anger at a german consul. he wa
restructuring and says it is on track to return profits in 2013, but high fuel costs and a poor economic environment continued to weigh on profits. air berlin is not alone in going through some turbulence. this is not a great time for europe's airlines. >> many are struggling to stay in business. here's a look at the litany of problems they face. >> scandinavian airline sas is fighting for survival. the carrier has not turned a profit in five years. it is not alone. just last week,...
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do live it's a question more and more people are aware of today climate change in the safety of our environment as a whole are being discussed around the world and perhaps it's those small steps that might be a start to people living in harmony with nature. to my surprise something you so much for joining me today now i'd like to saddam go back when you were fifteen years old you decided to leave school on one side a magazine pretty much from took on the world that didn't exactly happen but you have managed to achieve a lot of things are you happy with the way the world is right now is a good signal for saying well what the world is extremely good to me. and i've had the job i think of anybody anybody i doubt. and i'm still still up to get i spend quite a lot of my time now all. issues like cold plate resolution issues in the world. and all the state you know the welds i mean if you live in syria today well there's not a happy place a toll that we have a wonderful organization called the elders that are trying to help. resolve a complex attack lakhdar brahimi who's one of the elders you to be s
do live it's a question more and more people are aware of today climate change in the safety of our environment as a whole are being discussed around the world and perhaps it's those small steps that might be a start to people living in harmony with nature. to my surprise something you so much for joining me today now i'd like to saddam go back when you were fifteen years old you decided to leave school on one side a magazine pretty much from took on the world that didn't exactly happen but you...
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Nov 19, 2012
11/12
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and low growth environment. that makes sense to me. >> aren't financials a leadership group? if they can't lead doesn't that bode poor for the market? >> we still like financials. i think they're underowned. >> you disagree with the premise? >> we have nim headwind -- >> nim? >> i thought the meant the national institute of mental health. >> maybe, maybe. you can't tell the difference sometimes. >> you've downgraded the financials. >> still overweight insurance. neutral on the banks for a while, the regional banks for a while. it was more specific to the capital market sense of the games, the investment banks, the brokerage firms, asset managers, that kind of area. >> if we get a deal, how much does the market rally? >> i know a lot of clients say they'll chase this market up 2%. they want to be flat. if the market gets a big bid, they'll chase it. i think you'll get a beta chase. i think it's quite possible to be 1430 by year end. >> do you chase it? >> i think if we get a deal mid to late december, that's when
and low growth environment. that makes sense to me. >> aren't financials a leadership group? if they can't lead doesn't that bode poor for the market? >> we still like financials. i think they're underowned. >> you disagree with the premise? >> we have nim headwind -- >> nim? >> i thought the meant the national institute of mental health. >> maybe, maybe. you can't tell the difference sometimes. >> you've downgraded the financials. >> still...
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modern technologies through specialized grant programs and even more arts skills all within a protected environment the school was founded and named for. a scientist who wanted a better way of life for his people but even with the most progressive ideas in education many say they don't want to trade the modern life for their beloved tundra. but i have returned to the tundra and i actually like it here if you're outside there's fresh air fresh water looks at the site you can see here it's a joyful sight. a sentiment that hopefully ensures that russia's northern reindeer will have caretakers for generations to come. it is a. time this is our with me of all research showing that the u.s. campaign in afghanistan has suffered a military grade below with at least two celebrity generals and veterans of the intervention falling from grace a sex scandal that started with revelations of the ex cia chief having an affair has now claimed the reputation of the current afghan campaign. catherine off as the latest on that. in the papers here in afghanistan for transit star and battlefield felled at cia by an affa
modern technologies through specialized grant programs and even more arts skills all within a protected environment the school was founded and named for. a scientist who wanted a better way of life for his people but even with the most progressive ideas in education many say they don't want to trade the modern life for their beloved tundra. but i have returned to the tundra and i actually like it here if you're outside there's fresh air fresh water looks at the site you can see here it's a...
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Nov 17, 2012
11/12
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how does israel justify force in such a crowded environment? >> actually, it's not the most crowded place in the world. tel-aviv is more densely populated than gaza is. having said that we are dealing with a densely populated area, that is true. we have conducted more than 1,000 air strikes against rocket base, rocket launching pits, arsenals, command headquarters and we have taken extraordinary, i would even say super human measures to avoid inflicting civilian casualties there. we made tens of thousands of phone calls, dropped leaflets, sent text messages to people, civilians in these areas, warning them to clear out. as a result, we've been able to reducing civilian casualties to a minimum. it's always difficult between civilians are hurt. three-quarters of people hurt in gaza have been armed terrorists. >> thank you for your time this afternoon. we appreciate it. >> thank you. >>> a programming note, we will be talking to former plo spokeswoman diana buttu tomorrow. >>> coming up, nfl legend mike ditka survives a major health scare and live
how does israel justify force in such a crowded environment? >> actually, it's not the most crowded place in the world. tel-aviv is more densely populated than gaza is. having said that we are dealing with a densely populated area, that is true. we have conducted more than 1,000 air strikes against rocket base, rocket launching pits, arsenals, command headquarters and we have taken extraordinary, i would even say super human measures to avoid inflicting civilian casualties there. we made...
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that not only create a boatload of jobs they also reduce our demand for foreign oil and they make our environment cleaner all good outcomes from an investment. money put toward infrastructure like new roads bridges high speed rail systems these are all investments that will make it cheaper and easier for businesses to ship goods across the country or for americans to travel on vacation money put into health care research is an investment that will cut down on the costs the diseases inflict on our economy and as a bonus gives us a healthier more productive workforce even money put towards social welfare programs like food stamps and unemployment benefits turns out to be investments movies not some left wing think tank movies did research in on this and found that for every dollar invested in expanding the food stamp program you cut to me generates an additional dollars seventy three and for every dollar invested in unemployment benefits the the economy generates an additional dollars sixty four that's a pretty good return on investment president obama often uses the word investment in referring to
that not only create a boatload of jobs they also reduce our demand for foreign oil and they make our environment cleaner all good outcomes from an investment. money put toward infrastructure like new roads bridges high speed rail systems these are all investments that will make it cheaper and easier for businesses to ship goods across the country or for americans to travel on vacation money put into health care research is an investment that will cut down on the costs the diseases inflict on...
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it's a question more more. and people are aware of today climate change in the safety of our environment as a whole are being discussed around the world and perhaps it's those small steps that might be a start to people living in harmony with nature. here is mitt romney trying to figure out the name of that thing that we americans call a donor night concludes the longest and while this campaign in our history colors in the eleventh world that made for not a claim before our eyes that some are good friends. with twists and turns that have been the hallmarks of this campaign for you to watch what we're about to do good you've never seen anything like this until. the tough guys i'm abby martin so yesterday holly solomon of arizona was arrested and charged with aggravated aggravated assault with reckless driving after running her husband over with their s.u.v.s why you may ask why she was pissed off at it in a vote in a presidential election she said their family would quote suffer because of president obama's reelection i guess you could say she was politically driven but clearly what she d
it's a question more more. and people are aware of today climate change in the safety of our environment as a whole are being discussed around the world and perhaps it's those small steps that might be a start to people living in harmony with nature. here is mitt romney trying to figure out the name of that thing that we americans call a donor night concludes the longest and while this campaign in our history colors in the eleventh world that made for not a claim before our eyes that some are...
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Nov 14, 2012
11/12
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those also take a toll on the environment but about 50% do get recycled. that's compared to about 5% of plastic bags. but manufacturers say banning the bags is unfair. >> the amount of litter nationally that plastic bags produce is less than half of 1%. >> reporter: marine scientis is with the advocacy group heal the bay and says in los angeles plastic bags make up closer to 25%. >> litter on the streets gets washed through the storm sewer system, through our waterway systems. and plastic bags are part of that trash. >> reporter: she says since the floating plastic can resemble jellyfish animals like sea otters confuse it for food. the future of plastic bags can depend on what happens in los angeles. l.a. is studying the impact of banning its own bag and could be the largest city in the country to ban plastic bags. >> coming up after your local news on cbs "this morning" new developments in the scandal involving general david petraeus and john allen. we'll get reaction from former chairman of the joint chief of staff richard myers who knows both men. congr
those also take a toll on the environment but about 50% do get recycled. that's compared to about 5% of plastic bags. but manufacturers say banning the bags is unfair. >> the amount of litter nationally that plastic bags produce is less than half of 1%. >> reporter: marine scientis is with the advocacy group heal the bay and says in los angeles plastic bags make up closer to 25%. >> litter on the streets gets washed through the storm sewer system, through our waterway systems....
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modern technologies through specialized grant programs and even learn arts skills all within a protected environment the school was founded. a scientist who wanted a better way of life for his people but even with the most progressive. ideas and education many minutes say they don't want to trade the modern life for their beloved tundra. but here i have returned to the tundra and i actually like it here if you're outside there's fresh air fresh water looks at the site you can see deer it's a joyful sight. a sentiment that hopefully ensures that russia's northern reindeer will have caretakers for generations to come. thanks for joining us here on our day gaza's governing party hamas says its military leader. was killed today and they say it was a targeted assassination by israel which has been staging airstrikes on gaza for the past week we now understand of this just coming in that israeli authorities are now using this as an excuse to levy some sort of strike against gaza let's cross over to walk he's told bob and he's live in telling. us more on this tom good to see you let's talk about any reacti
modern technologies through specialized grant programs and even learn arts skills all within a protected environment the school was founded. a scientist who wanted a better way of life for his people but even with the most progressive. ideas and education many minutes say they don't want to trade the modern life for their beloved tundra. but here i have returned to the tundra and i actually like it here if you're outside there's fresh air fresh water looks at the site you can see deer it's a...
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Nov 17, 2012
11/12
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as we all know white house environment -- involvement was not an isolated incident. the energy and commerce committee of the house of representatives, e-mails specifically refer to joe biden and his staff advocating for solyndra, the solar panel company that received $528 million in loan guarantees before declaring bankruptcy in september of 2011. solyndra was rushed through in september of 2009 so that vice president joe biden could appear at the opening on september 4th. on august 31st, days before and, a communications aide to the vice president asked them to speed this up and there was pushed back from career staff at the office of management and budget. kevin carroll was chief of the office of management and budget energy staff, quote, i would prefer this announcement be postponed. this is the first loan guarantee and we should have a full review with all hands on deck to make sure we get it right. they didn't get it right and five hundred twenty-eight million taxpayer dollars were lost. it could be seen that the energy loan guarantees and a notoriously unsucces
as we all know white house environment -- involvement was not an isolated incident. the energy and commerce committee of the house of representatives, e-mails specifically refer to joe biden and his staff advocating for solyndra, the solar panel company that received $528 million in loan guarantees before declaring bankruptcy in september of 2011. solyndra was rushed through in september of 2009 so that vice president joe biden could appear at the opening on september 4th. on august 31st, days...
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Nov 19, 2012
11/12
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on the back of -- you know, just positive improvement in environment for the financials overall. steve saying that -- of the financials bank of america has the most eps leverage to bounce back in this environment. bank of america biggest percentage gain other the dow. leading financials higher. >> josh brown, buyer here? >> no. i actually on a technicality base list tell you that $10, can clear there with conviction, meaning high volume, and then retest and stay above. that's a really -- safe entry point to buy for a short term trade. under ten, i still there are there are too many sellers and your way. i would wait for that confirmation and think it is worth it. >> are you positive on any of the banks? you are negative on the overall market a little bit. >> we like -- we like and we are long. berkshire hathaway which is the largest holdser of wells fargo and very heavily leveraged to the at the same time thing most of the banks are. home building and mortgages. we would prefer to play through the b shares of berkshire than owning any of these banks outright. especially something
on the back of -- you know, just positive improvement in environment for the financials overall. steve saying that -- of the financials bank of america has the most eps leverage to bounce back in this environment. bank of america biggest percentage gain other the dow. leading financials higher. >> josh brown, buyer here? >> no. i actually on a technicality base list tell you that $10, can clear there with conviction, meaning high volume, and then retest and stay above. that's a...
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it's a question more and more people are aware of today climate change in the safety of our environment as a whole are being discussed around the world and perhaps it's those small steps that might be a start to people living in harmony with nature. good afternoon welcome to capital account i'm more in the store here in washington d.c. these are your headlines for tuesday nov thirteenth two thousand and twelve the new york stock exchange suspended trading and more than two hundred companies for most of the trading day yesterday according to the f.t. guess why a technical glitch so added to the list last crash facebook like out all high frequency trading a component involves the f.t.c. commissioner bart chilton is on the show to talk about what should be done and why it's taken so long to be frank and wall street journal reports a federal jury cleared two former money market mutual fund managers of fraud charges. this reportedly gets to the issue we've seen so often of how difficult it is to prove intent in these financial fraud or manipulation cases so does the law need to change when i
it's a question more and more people are aware of today climate change in the safety of our environment as a whole are being discussed around the world and perhaps it's those small steps that might be a start to people living in harmony with nature. good afternoon welcome to capital account i'm more in the store here in washington d.c. these are your headlines for tuesday nov thirteenth two thousand and twelve the new york stock exchange suspended trading and more than two hundred companies for...
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Nov 14, 2012
11/12
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especially the thing about the ip spending environment, it's a tough spending environment. security is one of the few sub sectors that's holding up well and that's kind of a glimmer of hope in a tough macro. >> i presume they'd have to pony up, though. daniel, good to see you. thank you for joining us. >> looking for silver lining amid the cyber security storm clouds. >> one story to leave you with, in queensland in australia, earlier this morning they got a full solar eclipse, completely blocked out the sun at 6:39 local time. we might just see it before we go. >> wow. it's amazing. >> there we go. we've got it. >> and on that lunar shot, kelly and i will say goodbye. "squawk box" is up next. >> we'll see you back here tomorrow. >>> the looming fiscal cliff. some of the nation's best-known ceos are headed to the white house today to meet the with the president. >>> on the economic agenda, key reads on the consumer and inflation and that happens before the bell. in corporate news, cisco's first quarter results beat the street, but ceo john chambers cautions of flat earnings
especially the thing about the ip spending environment, it's a tough spending environment. security is one of the few sub sectors that's holding up well and that's kind of a glimmer of hope in a tough macro. >> i presume they'd have to pony up, though. daniel, good to see you. thank you for joining us. >> looking for silver lining amid the cyber security storm clouds. >> one story to leave you with, in queensland in australia, earlier this morning they got a full solar...
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Nov 12, 2012
11/12
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that's the environment we've been living in the u.k. and simply allow the budget to keep increasing year after year after year and it's being imposed on many member states and we see the cutbacks in many other essential public services completely unsustainable and i sure that you and david cameron would disagree on the mutually conclusive way forward. thank you. >> translator: thank you very much mrs. harms. i would like to point out i don't see the u.k. as strong, but as a country which requires internal reforms very much seems to be the industrialized and mr. miller band i don't think with the entire european position vacant steer this country on a healthy course. second, tomorrow i will be traveling to greece so i've taken a close look at the current situation and i think we must admit finally that with that reform they have exhausted everything, past pensions and they've cut wages, which in germany wasn't imagined even in the time. it's pure austerity policy directly from germany and they're doing it at times of the worst world econ
that's the environment we've been living in the u.k. and simply allow the budget to keep increasing year after year after year and it's being imposed on many member states and we see the cutbacks in many other essential public services completely unsustainable and i sure that you and david cameron would disagree on the mutually conclusive way forward. thank you. >> translator: thank you very much mrs. harms. i would like to point out i don't see the u.k. as strong, but as a country which...
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Nov 20, 2012
11/12
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whitman said it would be a fix and rebuild year in a worsening macroeconomic environment. she said to expect a broad based profit decline across most businesses, but especially in enterprise services where revenue would drop 11% to 13%. operating margins near zero. that set as 24rethreshold for everything else. hp needs to keep the other business declines in the mid single digits or it will look like the turn around will take longer to turn up. >> joining us is stephanie link at the street.com. thanks very much for joining us. plenty withere to pick up on. what do you think will happen with revenues? >> hi, ross. i think that there's a chance at least on on the bottom line that the company will meet and actually could even beat consensus just because of cost controls. so the headline print of earnings might be better than expected. but to your point of revenues, i definitely think they will be below plan. some are expecting as low as a billion miss. i don't know if it that's the case. but clearly with 50% of their total revenues being pcs and printers, they have problems n
whitman said it would be a fix and rebuild year in a worsening macroeconomic environment. she said to expect a broad based profit decline across most businesses, but especially in enterprise services where revenue would drop 11% to 13%. operating margins near zero. that set as 24rethreshold for everything else. hp needs to keep the other business declines in the mid single digits or it will look like the turn around will take longer to turn up. >> joining us is stephanie link at the...
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Nov 19, 2012
11/12
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there's a little bit of a risk on type environment at the moment. and the ten year bund yield moving a little higher. the same goes for spain, built oig and yield, as well. we were looking at the euro just bouncing a little bit against the dollar. you're heading into this morning's session, we're holding on to those gains, 127 and a bit. the dollar yen coming off by just a tad. president obama meeting with myanmar's president and opposition leader. obama saying his six hour stopover should be seen as a sign of support for myanmar's attempts at democratic reforms rather than endorsement of the country's government. meanwhile his three day trip is also aimed at reinforcing america's ties with the region. analysts say it's something china is watching very closely. deidre has more. >> the obama's administration to choose southeast asia as the president's first foreign trip since winning re-election was greeted by some with surprise. after all, there are far bigger economies in asia that warrant his attention. the strategic importance of southeast asia i
there's a little bit of a risk on type environment at the moment. and the ten year bund yield moving a little higher. the same goes for spain, built oig and yield, as well. we were looking at the euro just bouncing a little bit against the dollar. you're heading into this morning's session, we're holding on to those gains, 127 and a bit. the dollar yen coming off by just a tad. president obama meeting with myanmar's president and opposition leader. obama saying his six hour stopover should be...
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Nov 13, 2012
11/12
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and this kind ever environment is good for gold much as india we expect the same scenario very possibly to be unfolding shortly in the united states and in europe where the quantitative easing policies aren't really working to stimulate the economy or they're doing really creating inflation. probably what the countries have to do in order to avoid a debt default because most countries have lost control of the debt situation. so the only way to avoid the default in our view would probably be to print to devalue the debt but this real terms, that means inflation. so inflation is very much the main focus of gold for us and that's yes with think it will go a lot higher from here. >> martin, what then is your price target for gold by the end of, say, 2013? >> firstly we don't sell short price targets. we've seen this 2008 that sometimes also what many people should actually see or recognize earlier possibly as a safe haven, sometimes they can also take a hit if you have shorter term deleveraging. so let's say if spain or italy was to default early next year, then you you might see first reac
and this kind ever environment is good for gold much as india we expect the same scenario very possibly to be unfolding shortly in the united states and in europe where the quantitative easing policies aren't really working to stimulate the economy or they're doing really creating inflation. probably what the countries have to do in order to avoid a debt default because most countries have lost control of the debt situation. so the only way to avoid the default in our view would probably be to...
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Nov 14, 2012
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headline driven in this environment. yesterday you saw the sharp rally toward the end of the session. was it because of the rumor that spain might have a bailout or was it the rumor that potentially they were bundled 44 million euros together for greece? i don't know. it clearly moved the market, both of those things incidentally didn't happen. longer term, if you look at what is happening, europe versus the united states, you can see the effect of the fiscal cliff in the wake of the obama victory. here you see the yellow line here is the top 50 blue chips in europe. how they have traded over the last month. this is the dow jones industrial average. you'll see that under performance now, 4.5% as a result arguably of that fiscal cliff and arguably where the election left us. >> it's going to get tougher sledding. >>> meantime other capital markets op-ed, gary is looking although a few charts as he did yesterday. >> you know, carl, great piece by riches warning people about bond funds versus bonds. a lot of people ignore t
headline driven in this environment. yesterday you saw the sharp rally toward the end of the session. was it because of the rumor that spain might have a bailout or was it the rumor that potentially they were bundled 44 million euros together for greece? i don't know. it clearly moved the market, both of those things incidentally didn't happen. longer term, if you look at what is happening, europe versus the united states, you can see the effect of the fiscal cliff in the wake of the obama...
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Nov 20, 2012
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they'd like to know what environment they're operating in. they effect them personally and the families of the people that work for them. >> can you get a franchise alone? is it easier than it was a year ago? >> yeah, credit market has loosened up a bit for our franchisees and we're fortunate our model in the investment on the investment side that we don't have to be highly leveraged and our franchisees don't have to be highly leveraged going in. they're able to pay investment out of cash but whenner this borrow money they're getting sba loans out there, smaller banks but it is tougher and it affects their growth. that's for sure. >> the smell is killing me here, i mean in a good way. it's 5:00 somewhere or noon somewhere. bob wright, thank you. we appreciate your time this morning and keep it short. >> are you going for the sub? which way? >> i don't know. >> i could eat it but i know he's an ohio state fan. go blue this weekend. i'm going to holdoff. >>> when we come back we'll talk about betting on a deal to avoid the fiscal cliff. caesar'
they'd like to know what environment they're operating in. they effect them personally and the families of the people that work for them. >> can you get a franchise alone? is it easier than it was a year ago? >> yeah, credit market has loosened up a bit for our franchisees and we're fortunate our model in the investment on the investment side that we don't have to be highly leveraged and our franchisees don't have to be highly leveraged going in. they're able to pay investment out...
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Nov 13, 2012
11/12
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he says it remains one of caution in this environment. carl, back to you. >> wednesday is the day when they name the new partners at goldman, i believe. >> that's right. >> people waiting for the call. >> people close to or a source close to goldman sachs says it will be the smallest class in over a decade. probably less than 70 will be named partners at goldman sachs this year. back to you. >> thank you so much. mary thompson at headquarters. a big mover in drilling and natural gas space. >> weatherford this morning off 12% at 3.5 year low. the company warning that fourth quarter is going to come in for earnings below consensus on that number. and they also said that they still have not been able to resolve what they call material weakness in internal controls over financial reporting. they actually didn't break out their third quarter numbers. stock getting hit hard on a day when energy is already to the downside. >> motor trend magazine naming tesla's sedan the car of the year. will the model live up to the hype? we'll find out when te
he says it remains one of caution in this environment. carl, back to you. >> wednesday is the day when they name the new partners at goldman, i believe. >> that's right. >> people waiting for the call. >> people close to or a source close to goldman sachs says it will be the smallest class in over a decade. probably less than 70 will be named partners at goldman sachs this year. back to you. >> thank you so much. mary thompson at headquarters. a big mover in...
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Nov 16, 2012
11/12
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system, and so it's awkward to support a group like this, but there is support like this, for this environment. i think it will desolve because there's resistance. >> trevor, i feel when you talk about political operatives on both sides and fundraisers on both sides, and donors, there's a strong word, but there's a self-hating quality to people in the system who feel trapped. i mean this thing will just go on and they will play and get used to it. is that what's sustaining this? what keeps it going? >> well, during the course of the campaign, i had a chance to talk to a range of major republican donors, and even they, i mean, i say "even they" because republicans were more interested in the super pacs, the party embraced them, and citizens united, but romney donors said this is terrible. i don't want to write an up limited check. this is not our the president ought to get selectedded, and we need to talk about this after the election. you know, now eng one of the thing -- i think i'll be doing is circling around so are you interested in changing the system? if you look at it, even the candidat
system, and so it's awkward to support a group like this, but there is support like this, for this environment. i think it will desolve because there's resistance. >> trevor, i feel when you talk about political operatives on both sides and fundraisers on both sides, and donors, there's a strong word, but there's a self-hating quality to people in the system who feel trapped. i mean this thing will just go on and they will play and get used to it. is that what's sustaining this? what...
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Nov 13, 2012
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that's the environment we live in in the uk, and totally allow the uk budget to keep increasing year after year after year. austerity is being imposed on many member states when we're seeing cutbacks to many other essential public services is completely understandable. i'm sure you and david cameron would disagree on a way forward. thank you. [speaking in native tongue] >> translator: ms. harms. [speaking in native tongue] >> translator: i would like to point out, i don't see the uk as strong but as a country which requires them come into the reforms very much, seems to be de-industrialized. i don't think with an anti-european position they can steer this country on a healthy course. secondly, tomorrow i will be traveling to greece. so i've taken a close look at the current situation, and i think you must admit finally that with reform attempts that they've exhausted everything. they have cut pensions, cut wages, within germany, wasn't imagined. is pure austerity policy. directed from germany. and during the times of the world's worst economic crisis that will end in a disaster. and
that's the environment we live in in the uk, and totally allow the uk budget to keep increasing year after year after year. austerity is being imposed on many member states when we're seeing cutbacks to many other essential public services is completely understandable. i'm sure you and david cameron would disagree on a way forward. thank you. [speaking in native tongue] >> translator: ms. harms. [speaking in native tongue] >> translator: i would like to point out, i don't see the uk...
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Nov 15, 2012
11/12
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the more that we can go into these environments which are very, very important places to be, and debate our core value, not just explained them, not just lecture, but actually debate our greatest strengths i think will be stronger. so that was one of the ways we really tried to do that. and also to take the benefit of the folks who were there in the field, give information as to who was the important audiences for the bbg. >> can i just clarify one thing? when i said more guidance from foreign policy leadership for the bbg, i certainly didn't mean that the bbg should forsake or distort or anyway jeopardize the journalistic values. very, very important. but for example, the bbg's, the board of governors decide where the assets are allocated. in other words, if the governors decide we're going to put all the money into india, it's their decision rather than the part of the more strategic decision-making process. congress would get involved if all the money went to one country. >> do you think? [laughter] >> there's certain country's bbg would like to get rid of that congress wouldn't allo
the more that we can go into these environments which are very, very important places to be, and debate our core value, not just explained them, not just lecture, but actually debate our greatest strengths i think will be stronger. so that was one of the ways we really tried to do that. and also to take the benefit of the folks who were there in the field, give information as to who was the important audiences for the bbg. >> can i just clarify one thing? when i said more guidance from...
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Nov 16, 2012
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he has responsibilities that the environment that the environment and public works committee to i believe he is going to post a reduction of greenhouse gas emissions. >> first of all -- >> how lolita. >> you were supposed to be there, too. >> thank you, senator mccain. i do have to get up to the committee. committee. i did appreciate it let me ask to short questions if i might, and one, i want to get on record in agreeing with the comments that senator mccain made about general allen. secondly, in response to a written question, general, it said you agree to follow recovery of 33,000 u.s. search force in afghanistan for the reduction in u.s. worst level should continue at a steady pace to 2014 be your response was i agree that there will be further troop reductions through 2014, but the pace of the withdrawal over the next 25 months would depend on several factors. one of this is the readiness. we had a hearing, may 10 and you testified at the hearing. i've always considered you to be one of the real top individuals, understanding and evaluating training. and you and i talked about this b
he has responsibilities that the environment that the environment and public works committee to i believe he is going to post a reduction of greenhouse gas emissions. >> first of all -- >> how lolita. >> you were supposed to be there, too. >> thank you, senator mccain. i do have to get up to the committee. committee. i did appreciate it let me ask to short questions if i might, and one, i want to get on record in agreeing with the comments that senator mccain made about...
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Nov 12, 2012
11/12
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that is a real scoop in an environment where there are no deals, david brought us a very good scoop. >> that's why you haven't participated in any of this. there are no other deals. this was the only one. >> not many needles in the hay stack. >> david found the only one. thank you for bringing it here, david. boyd jeffries name. >> what was it exposure in europe? >> egan had all sorts of rhymes and reasons for that company falling apart. >> we'll talk about shipping right now, from i-phones to apparel, cnbc's senior talent producer, lori ann larocco, our staff, incredible producer and her book "dynasties of the sea," and lori ann, reading through this, we know how important shipping is, we talk about it every day but there were things i didn't realize how much of the things in our homes are brought to us from ships. >> 92% of everything in a household has been on a ship and ever since superstorm sandy we've all realized how important shipping is as we're all going through this gasoline crisis. it's really amazing in terms of the wide breadth that the shipping industry has on the econ
that is a real scoop in an environment where there are no deals, david brought us a very good scoop. >> that's why you haven't participated in any of this. there are no other deals. this was the only one. >> not many needles in the hay stack. >> david found the only one. thank you for bringing it here, david. boyd jeffries name. >> what was it exposure in europe? >> egan had all sorts of rhymes and reasons for that company falling apart. >> we'll talk about...
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Nov 20, 2012
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340 to 360 a share but we guide what we think is realistic for q-1 which is a tough macro economic environment. a lot of our savings in terms of our savings program will be back end loaded because a lot of that is labor now moving to europe where it is much more difficult to separate people and takes longer and then some of our nonlabor savings we're instituting that executional excellence around skew reduction supply chain and those will kick in in the second half but perhaps most importantly we have some fantastic product coming up and i think i've been clear that companies come in on the backs of terrific products and those will kick in in the second half. >> many would say that they're going to have to. to those that would say what you're really do is managing a declining business because at the end of the day the rise of the tablet is actually the fall of the pc and printing because people just carry this thing around with them everywhere. how do you challenge that assumption that really all you're doing is managing a declining business. you may be managing it well. that's what it is. >>
340 to 360 a share but we guide what we think is realistic for q-1 which is a tough macro economic environment. a lot of our savings in terms of our savings program will be back end loaded because a lot of that is labor now moving to europe where it is much more difficult to separate people and takes longer and then some of our nonlabor savings we're instituting that executional excellence around skew reduction supply chain and those will kick in in the second half but perhaps most importantly...
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Nov 16, 2012
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the job of government is to provide an environment in which our citizens can live their lives knowing that they will not be subject to nefarious actions by others. in the case of the farmers and ranchers, the terrible stories, thousands of stories like this that the chairman described. there was a failure of government to protect these people, and the results of this investigation, fulfilling congress' obligation to oversight, tell us we have many opportunities to improve and provide better protection, and these opportunities run the gamut from following the behavior of those who are in charge at entities like mf global to monitoring and modifying the ways in which the rating agencies do their business, do their job. there have been so many failures in so many ways, not only at an f global, but at other similar stories in recent history. one common strand seems to be that we need to provide our regulators with better tools to pursue the enforcement of law that existed prior to the massive imposition of dot-franc pit which did not have infinite resources and united states, nor in our f
the job of government is to provide an environment in which our citizens can live their lives knowing that they will not be subject to nefarious actions by others. in the case of the farmers and ranchers, the terrible stories, thousands of stories like this that the chairman described. there was a failure of government to protect these people, and the results of this investigation, fulfilling congress' obligation to oversight, tell us we have many opportunities to improve and provide better...
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Nov 13, 2012
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but this doesn't advance yemen down the road and doesn't create the environment that we all want to see in yemen which is a place where al qaeda doesn't have safe havens. >> ibrahim. >> thank you. that's a very good question. i have an op-ed in the -- that came out yesterday that addresses this issue in particular. and about hadi sending his congratulations to the new term for president obama and the issue of actually in his congratulations thanking him for dealing with counterterrorism policies. let's keep in mind that no president -- president hadi is actually part of the old regime. he was the vice president of president saleh and he's a military man. he's a military man with a military history and the vice president of the old regime, of the old president, and he was part of the policies that have been adopted in the past decade. so that's one. from the number of statements that hadi talking about -- -- the military units which is one of the major challenges that president hadi's facing now. and actually that will have success or failure in the interim phase that he's leading now. t
but this doesn't advance yemen down the road and doesn't create the environment that we all want to see in yemen which is a place where al qaeda doesn't have safe havens. >> ibrahim. >> thank you. that's a very good question. i have an op-ed in the -- that came out yesterday that addresses this issue in particular. and about hadi sending his congratulations to the new term for president obama and the issue of actually in his congratulations thanking him for dealing with...
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Nov 19, 2012
11/12
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most of the people that trade the bank stocks right now say low interest rate environment and no growth or low growth environmentment in 2013. reason they are not particularly optimistic. today these stocks are bouncing back. carl, they have been beaten up badly in the last couple of months. >> thanks, bob. bob pisani. send it back to head quarters and kayla. she has the market flash. >> watching diamond food. the stock tlaubled for the last year a half. down another 11% today on a downgrade from jefferies. jefferies saying there is a -- 33% more downside for this company to go. last week it restated earnings for the last two years. wipe out about $56 million in profit. they had problem was their accounting and with the payme payments. >> meantime, tensions rising in the middle east. senior official close to binyamin netanyahu is ready for ground invasion in the gaza strip but prefers diplomatic solution to that conflict. >> reporter: hello there. in fact, it is nighttime in g . gaza. the attention is shifting south of where we are. focusing more on cairo, egypt. that's where intense ne
most of the people that trade the bank stocks right now say low interest rate environment and no growth or low growth environmentment in 2013. reason they are not particularly optimistic. today these stocks are bouncing back. carl, they have been beaten up badly in the last couple of months. >> thanks, bob. bob pisani. send it back to head quarters and kayla. she has the market flash. >> watching diamond food. the stock tlaubled for the last year a half. down another 11% today on a...
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Nov 19, 2012
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technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> hard rock international is teaming up with yoko ono. and why hunger for the imagine there's no hunger campaign. horn $4.5 would million has been raised during the past five years and the president and ce off of the hard rock cafe has been very involved in this. tell us a little bit it. >> thanks for having me. this is a ram we've beprogram w running for many years. there are a billion people beneath poverty and hunger level in the world. and the program really is a program that enjoins why hunger, yoko ono and ourselves and we encourage our staff and our customers to basically provide funding around this holiday season so t
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> hard rock...
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Nov 13, 2012
11/12
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. 100% new. ♪ 100% greek. 100% mmm... ♪ oh wow, that is mmm... ♪ in fact it's so mmm you might not believe it's a hundred calories. well ok then, new yoplait greek 100. it is so good. ♪ which house is yours? the one with the silverado out front. so, what do you do? well, ahhh... nice! [ clown horn ] was his name ♪ [ shouting ] [ child crying ] ♪ i...ahh. [ male announcer ] the chevy silverado. the most dependable, longest-lasting full-size pickups on the road. from worksite to home front. chevy runs deep. >>> jack's back with the cafferty file. jack? >> question this hour, wolf, is what does the republican party have to do to become more relevant? may not be as dire as we make it out to be. mitt romney did get over 50 million votes. still, lee in wyoming writes, "the party of no is too narrow. it will go the way of the dinosaurs if it can't accept change in our very diverse country. the tea party is holding the republican party to hard-headed, n
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. 100% new. ♪ 100% greek. 100% mmm... ♪ oh wow, that is mmm... ♪ in fact it's so mmm you might not believe it's a hundred calories. well ok then, new yoplait greek 100. it is so good. ♪ which house is yours? the one with the silverado out front. so, what do you do? well, ahhh... nice! [ clown horn ] was his name ♪ [ shouting ] [ child...
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Nov 17, 2012
11/12
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you have to benchmark what your tax environment, your regulatory environment, your energy costs. the good news is in terms of getting manufacturing, we're still the world's largest market. when global investors take a look at the u.s., and canada's rate is 15% and hours is 35%, where are you going to site your plant? $1.75 trillion a year, a number that is larger than all but 80 economies in the world. it is not particularly attractive. when this administration refuses to utilize our domestic energy resources, refuses the keystone pipeline which would bring jobs and energy down to america, they reject that. that is not attractive in terms of global investment and job creation. the caller also talked about what caused the deficit then been a lot of charts and graphs dispel some myths. over four years, the total deficit was 5000 $92 billion. the taxes on the wealthy over that same time was $136 billion. all other americans was $544 billion. total cost of the bush tax cuts and the wars was about $1.30 trillion which means 75% of the deficit was caused by other spending. the wars and
you have to benchmark what your tax environment, your regulatory environment, your energy costs. the good news is in terms of getting manufacturing, we're still the world's largest market. when global investors take a look at the u.s., and canada's rate is 15% and hours is 35%, where are you going to site your plant? $1.75 trillion a year, a number that is larger than all but 80 economies in the world. it is not particularly attractive. when this administration refuses to utilize our domestic...